The seller's (agent's) response was:"owner is willing to go to $235k, it's 5% down within 24 hours, a 5 or 7 day inspection...appraisal ordered w/in 10 days business days from effective date."  

I have already checked with my lender and they confirmed that if the property gets transferred into a LLC, the due-on-sale clause will take effect.

I want to begin wholesaling in this area and I'm here to network with people who know the area well and want to form a solid relationship. 

Not sure how much a ES is going to be in your area, in our local market depending on the type and pahse the cost fluctuates - also fluctuates with how quickly you may need it.Loan term you described not bad the 80% LTV is good - the amort is good, the arm is typical, origination ok - you can likley get a non-recourse (thats your rate quote - will change until you lock in)Check the prepayment clause, normally it is setup as a step downYou can likely ge t a 7yr. loanI would encourage you to seek a local bank on your first deal, establish a relationship, perform and repeat :) Originally posted by @Tony Castronovo:First, I am learning that "typical" and "commercial" should not be said in the same sentence. 

If a dual agency is going to be established, it needs to be disclosed to all parties involved, and each party would need to agree in writing to the new relationship, and limitations that come with it.When you are dealing with a Realtor of integrity, none of these situations present issues. 

If you build relationship with commercial brokers you could also find a lot of good off market opportunities that you would otherwise miss.

If your IRA is receiving a discount because of your relationship with a vendor, then you are providing a benefit to the IRA.You should definitely not become the delivery boy for your IRA. 

What I wrote above does not create an attorney/client relationship between us.

Super easy... build relationships with trusted and reputable companies in the industry.But let m ask you something ?

@Grant RothenburgerBoth are W2 jobs surprisingly.My concern is the $ for a downpayment for sure, I'll burn the bridge of obtaining a mortgage once I get there.I realize taking 2 weeks off every 5 months severely hinders my growth within a company but at this point in my life I don't want to let go of the relationship (Ask me again in a few years :p).